ARTICLE
Valley Bank has donated approximately $2,183,000 to 264 organizations across their footprint to support COVID-19 relief efforts through their Community Pledge Certificate of Deposit (CD) Program. In 2020, Valley Bank offered a new, innovative Community Pledge CD designed to give back to organizations in the community that have been affected by the COVID-19 pandemic. The CD offered a market rate and Valley matched the interest with a direct donation to community organizations that were providing relief in support of the COVID-19 pandemic. In total, approximately $265,000 was distributed to organizations in Alabama, $527,000 to organizations in Florida, $953,000 to organizations in New Jersey and $438,000 to organizations in New York. Grants were distributed to organizations such as Bergen Volunteer Medical Initiative (BVMI), Homeless Solutions, The Birmingham Urban League and Food Banks across the footprint such as Feeding South Florida, City Harvest, Montgomery Area Food Bank, and Community Food Bank of New Jersey. “The funds we’ve donated through our Community Pledge CD program will help ensure the organizations that serve our communities can continue to do so,” remarked, Valley Executive Vice President and Chief CSR-CRA Officer Bernadette Mueller. “Valley is honored to support these organizations that have worked tirelessly in the face of challenges to serve our communities.”